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We hope this catches on and we can continue to do this on a regular basis. Both of us do a fair amount of reading when it comes to retirement planning and personal finance information. However, if you are in the habit of digesting news by just reading the headlines, this can be dangerous when it comes to controversial topics or topics that require a much deeper dive.
We are the weirdos who actually click on these articles and think about what they’re saying and why it may or may not be right. Our goal is to go beyond the headline for our listeners to let them know what these articles are saying, why they may or may not be important to you, and how you think about things.
So, here is our curated, bespoke list of the topics we’ve seen in personal finance blog post sections of major newspapers over the last couple of weeks.
It’s not necessarily so much about creating a bucket list but about some life goals that maybe you should let go of. We live in a society that is all about setting and achieving goals. However, you’re going to change and things are going to change and it’s okay to let go of some of those.
This article discusses how to not fixate on the specifics of a goal so much as the idea of it. A great example he gives is the difference between, “I want to earn $100000 versus I want to earn more than last year.”
The least romantic date night is the financial date night. If you’re actually going to do this and be intentional about it, you can still have fun with it. Money is one of the leading causes of divorce. So with the date night, the main goal is to have these conversations with your partner, The more open you are and communicate together the better your money life will be. But it doesn’t necessarily have to be sitting in front of a computer. You can have fun with it and actually have a money date where you dress up, go to a nice restaurant, have a nice bottle of wine, and have conversations about how you’re spending money and why and what you need to do to be successful.
We can’t go through an entire month without talking about inflation in one way or another. There’s this idea that’s come out of the summer spending spree called funflation. The Wall Street Journal wrote an article that you know things like live event prices have increased significantly.
Never mind the 1 % million mini millionaires are where wealth is growing fastest. I don’t love the title of the article but it was an interesting idea. Looking at the rise in inflation and generally strong investment markets over the last several years and the recent history notwithstanding, we’re seeing a definite rise in the term mini millionaires. The middle class and upper middle class in America have done a lot better than most people would guess in terms of growing their balance sheets and wealth.
Essentially, their estimate is on average it’s 52% more expensive to buy a home than to rent one right now because of mortgage rates and property value increases.
We hope you have enjoyed this new review. If you have an article that you are reading and want to pass along we would love to take a look at it. You can email us at email@example.com. Tune in next month when we review what we’ve been up to and what we’ve been reading in November.
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